Nobleoak Life (ASX:NOL) Equity-to-Asset : 0.16 (As of Dec. 2023)

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What is Nobleoak Life Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Nobleoak Life's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$66.2 Mil. Nobleoak Life's Total Assets for the quarter that ended in Dec. 2023 was A$403.9 Mil. Therefore, Nobleoak Life's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.16.

The historical rank and industry rank for Nobleoak Life's Equity-to-Asset or its related term are showing as below:

ASX:NOL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.16 Med: 0.7 Max: 0.86
Current: 0.16

During the past 2 years, the highest Equity to Asset Ratio of Nobleoak Life was 0.86. The lowest was 0.16. And the median was 0.70.

ASX:NOL's Equity-to-Asset is ranked worse than
63.41% of 492 companies
in the Insurance industry
Industry Median: 0.24 vs ASX:NOL: 0.16

Nobleoak Life Equity-to-Asset Historical Data

The historical data trend for Nobleoak Life's Equity-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nobleoak Life Equity-to-Asset Chart

Nobleoak Life Annual Data

Trend

Jun22

Jun23

Equity-to-Asset

0.75

0.35

Nobleoak Life Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			0.86	0.75	0.64	0.35	0.16

Competitive Comparison of Nobleoak Life's Equity-to-Asset

For the Insurance - Life subindustry, Nobleoak Life's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nobleoak Life's Equity-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Nobleoak Life's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Nobleoak Life's Equity-to-Asset falls into.

Nobleoak Life Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Nobleoak Life's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	119.839	/	341.554
	=	0.35

Nobleoak Life's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	66.192	/	403.879
	=	0.16

Nobleoak Life (ASX:NOL) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Nobleoak Life Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Nobleoak Life's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Nobleoak Life (ASX:NOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nobleoak Life Ltd (ASX:NOL) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.nobleoak.com.au

Nobleoak Life Ltd is a registered friendly society providing life insurance. Its insurance options include Life Insurance, Income Protection Insurance, Trauma Insurance, TPD Insurance, and Business Expenses Insurance. The company's segment includes Direct; Strategic Partnerships and Genus. It generates maximum revenue from the Direct segment.

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